Economy, asked by krishnardhulaanjali, 5 hours ago

How to calculate total utility received by the consumer from the two goods?

Attachments:

Answers

Answered by grewalj982

1

Answer:

To find total utility economists use the following basic total utility formula: TU = U1 + MU2 + MU3 … The total utility is equal to the sum of utils gained from each unit of consumption. In the equation, each unit of consumption is expected to have slightly less utility as more units are consumed.

Previous Question

Next Question

Similar questions

Science, 2 hours ago

What is photosynthesis ??

Math, 2 hours ago

which of the following number are perfect square and find out the number. a.576, b.941, c.2500, d.2025, e.14641, f.3549...

Math, 2 hours ago

Suppose x and y are both even whole numbers and y > x, then the possible solution for x - y will be 0 1/2 -16 2...

Math, 5 hours ago

Fill in the blanks with the correct integer to make each sentence true. (i) (+3) + ___ = (-2) (ii)___ + (+5) = (-11) (iv) ____+ (-13) = 0 (v) (-12)+ ____ = (-25)...

Physics, 5 hours ago

what are annelida? Give two examples.

Math, 7 months ago

shweta lives 3/4 km from school and annie lives 2/3 km from school . who live farther from school and by how much...

Math, 7 months ago

state true or false L.c.m.of 5and 7is 45...

English, 7 months ago

Underline the transitive verbs and circle the intransitive verbs in te following sentences. 1. Some sauce fell on my dress . 2. Anil drinks tea thrice a day . 3. The stay together . 4. The young man walked fast . 5. Zoya bought doughnuts and pastries . 6. The sun rises in the east .